Magnetic Resonance Imaging Market, by Architecture (Open System, Closed System), by Field Strength (Low, Medium, High), By End Use (Hospitals, ASCs, Imaging Centers), and by Application, and By Geography (NA, EU, APAC, LATAM and MEA) Analysis, Share, Trends, Size, & Forecast From 2020 2026
- Published Date: 2020-10-13
- Report ID: 1811
- Pages: 206
-
Format:
REPORT HIGHLIGHT
Magnetic resonance imaging market was valued at USD 5.06 billion by 2019, growing with 5.2% CAGR during the forecast period, 2020-2026
Market Dynamics
The advancements in diagnostic techniques such as superconducting magnets, visualization software, and open MRI is the major factor driving the growth of global magnetic resonance imaging (MRI) market. In addition, development of compatible cardiac pacemaker MRI systems and the use of several paramagnetic contrast agents in order to provide accurate & sharp images within a shorter period of time are other factors impelling the market growth. Moreover, rapid development and usage are seen of intraoperative MRI in neurosurgery and other applications. The high demand for MRI systems and studies or research being conducted by a number of universities are likely to create lucrative opportunities in the global industry during the forecast period. However, high maintenance and installation costs associated with these systems are expected to impede the market growth in the coming future.
Architecture Takeaway
The closed MRI system architecture segment accounted for the largest market share in 2018 and anticipated to lead the market during the forecast period. These systems use high-frequency radio waves and powerful magnetic fields to obtain detailed images. An error-free analysis and detailed slice selection can be obtained by the closed structures. On the other hand, the open MRI systems reduce the level of claustrophobia and anxiety because of its less enclosed structure. This advantage makes the open MRI systems operative and effective for diagnosis in neonates.
Field Strength Takeaway
The high field strength segment is anticipated to register the fastest growth during the period of forecast. In order to understand the efficacy of high-field strength MRI systems, several research studies are being conducted in clinical applications. Some market players have already started advancing high field MRI systems and are also receiving approval from the supervisory bodies. On the other hand, the low field strength segment is expected to witness the least growth in the estimated period owing to rise in replacement of these machines with high field and mid filed strength machines.
End Use Takeaway
The hospital segment accounted for the majority of share in the global market during the forecast period owing to the rising installation of MRI units and growing applications of rapid MRI in emergency and trauma care centers. Along with hospitals, the imaging centers end use segment is anticipated to experience considerable growth in the projected timeframe. This growth is mainly due to increasing demand for non-invasive diagnosis coupled with the development of various individual centers.
Application Takeaway
Brain and neurological segment accounted for the highest market share in 2018 owing to the production of superior quality scans as compared to the scans produced by computerized tomography. The breast imaging segment is projected to register a substantial CAGR by 2030 owing to the rising incidence of breast cancer, which is creating the demand for recognizing risk factors linked to the disease.
Regional Takeaway
Presently, North America is playing a dominant role in the global MRI market owing to the growing prevalence of chronic diseases such as neurological diseases, cardiovascular disorders, and breast cancer. Along with North America, the Europe market for magnetic resonance imaging is likely to grow at a significant rate during the forecast period. The well-defined policies for healthcare and high per capita income are the major factors contributing to the regional market growth in the coming future.
Key vendors of the market include:
Koninklijke Philips N.V.
GE Healthcare
Siemens AG
Toshiba Corporation
Aurora Imaging Technologies, Inc.
Sanrad Medical Systems Pvt ltd.
Esaote SPA
Hitachi Medical Systems AG
The market size and forecast for each segment and sub-segments has been considered as below:
Historical Year 2015 to 2018
Base Year 2019
Estimated Year 2020
Projected Year 2026
TARGET AUDIENCE
Traders, Distributors, and Suppliers
Manufacturers
Government and Regional Agencies
Research Organizations
Consultants
Distributors
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL MAGNETIC RESONANCE IMAGING MARKET, BY ARCHITECTURE
Closed System
Open System
GLOBAL MAGNETIC RESONANCE IMAGING MARKET, BY FIELD STRENGTH
High Field Strength
Medium Field Strength
Low Field Strength
GLOBAL MAGNETIC RESONANCE IMAGING MARKET, BY APPLICATION
Abdomen
Spine and Musculoskeletal
Vascular
Cardiac
Brain and Neurological
Breast
Others
GLOBAL MAGNETIC RESONANCE IMAGING MARKET, BY END USE
Hospitals
Imaging Centers
Ambulatory Surgical Centers
Others
GLOBAL MAGNETIC RESONANCE IMAGING MARKET, BY REGION
North America
o The U.S.
o Canada
Europe
o Germany
o France
o Italy
o Spain
o United Kingdom
o Rest of Europe
Asia Pacific
o India
o China
o South Korea
o Japan
o Singapore
o Rest of APAC
Latin America
o Brazil
o Mexico
o Argentina
o Rest of LATAM
Middle East and Africa
o Saudi Arabia
o United Arab Emirates
o Rest of MEA
TABLE OF CONTENT
1. MAGNETIC RESONANCE IMAGING MARKET OVERVIEW
1.1. Study Scope
1.2. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Market Snippet
2.1.1. Market Snippet by Architecture
2.1.2. Market Snippet by Technology
2.1.3. Market Snippet by Application
2.1.4. Market Snippet by End Use
2.1.5. Market Snippet by Region
2.2. Competitive Insights
3. MAGNETIC RESONANCE IMAGING KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. MAGNETIC RESONANCE IMAGING INDUSTRY STUDY
4.1. Porters Five Forces Analysis
4.2. Marketing Strategy Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
4.5. COVID-19 Impact Analysis
4.5.1. Pre-COVID-19 Impact Analysis
4.5.2. Post-COVID-19 Impact Analysis
5. MAGNETIC RESONANCE IMAGING MARKET LANDSCAPE
5.1. Market Share Analysis
5.2. Key Innovators
5.3. Breakdown Data, by Key manufacturer
5.3.1. Established Player Analysis
5.3.2. Emerging Player Analysis
6. MAGNETIC RESONANCE IMAGING MARKET BY ARCHITECTURE
6.1. Overview
6.1.1. Segment Share Analysis, By Architecture, 2019 & 2026 (%)
6.2. Closed System
6.2.1. Overview
6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
6.3. Open System
6.3.1. Overview
6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
7. MAGNETIC RESONANCE IMAGING MARKET BY TECHNOLOGY
7.1. Overview
7.1.1. Segment Share Analysis, By Technology, 2019 & 2026 (%)
7.2. High Field Strength
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
7.3. Medium Field Strength
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
7.4. Low Field Strength
7.4.1. Overview
7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
8. MAGNETIC RESONANCE IMAGING MARKET BY APPLICATION
8.1. Overview
8.1.1. Segment Share Analysis, By Application, 2019 & 2026 (%)
8.2. Abdomen
8.2.1. Overview
8.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
8.3. Spine and Musculoskeletal
8.3.1. Overview
8.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
8.4. Vascular
8.4.1. Overview
8.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
8.5. Cardiac
8.5.1. Overview
8.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
8.6. Brain and Neurological
8.6.1. Overview
8.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
8.7. Breast
8.7.1. Overview
8.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
8.8. Others
8.8.1. Overview
8.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
9. MAGNETIC RESONANCE IMAGING MARKET BY END USE
9.1. Overview
9.1.1. Segment Share Analysis, By End Use, 2019 & 2026 (%)
9.2. Hospitals
9.2.1. Overview
9.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
9.3. Imaging Centers
9.3.1. Overview
9.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
9.4. Ambulatory Surgical Centers
9.4.1. Overview
9.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
9.5. Others
9.5.1. Overview
9.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
10. MAGNETIC RESONANCE IMAGING MARKET BY GEOGRAPHY
10.1. Introduction
10.1.1. Segment Share Analysis, By Region, 2019 & 2026 (%)
10.2. North America
10.2.1. Overview
10.2.2. Key Manufacturers in North America
10.2.3. North America Market Size and Forecast, By Country, 2015 - 2026 (US$ Million)
10.2.4. North America Market Size and Forecast, By Architecture, 2015 - 2026 (US$ Million)
10.2.5. North America Market Size and Forecast, By Application, 2015 - 2026 (US$ Million)
10.2.6. North America Market Size and Forecast, By End Use, 2015 - 2026 (US$ Million)
10.2.7. North America Market Size and Forecast, By Technology, 2015 - 2026 (US$ Million)
10.2.8. U.S.
10.2.8.1. Overview
10.2.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
10.2.9. Canada
10.2.9.1. Overview
10.2.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
10.3. Europe
10.3.1. Overview
10.3.2. Key Manufacturers in Europe
10.3.3. Europe Market Size and Forecast, By Country, 2015 - 2026 (US$ Million)
10.3.4. Europe Market Size and Forecast, By Architecture, 2015 - 2026 (US$ Million)
10.3.5. Europe Market Size and Forecast, By Application, 2015 - 2026 (US$ Million)
10.3.6. Europe Market Size and Forecast, By End Use, 2015 - 2026 (US$ Million)
10.3.7. Europe Market Size and Forecast, By Technology, 2015 - 2026 (US$ Million)
10.3.8. Germany
10.3.8.1. Overview
10.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
10.3.9. Italy
10.3.9.1. Overview
10.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
10.3.10. United Kingdom
10.3.10.1. Overview
10.3.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
10.3.11. France
10.3.11.1. Overview
10.3.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
10.3.12. Rest of Europe
10.3.12.1. Overview
10.3.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
10.4. Asia Pacific (APAC)
10.4.1. Overview
10.4.2. Key Manufacturers in Asia Pacific
10.4.3. Asia Pacific Market Size and Forecast, By Country, 2015 - 2026 (US$ Million)
10.4.4. Asia Pacific Market Size and Forecast, By Architecture, 2015 - 2026 (US$ Million)
10.4.5. Asia Pacific Market Size and Forecast, By Application, 2015 - 2026 (US$ Million)
10.4.6. Asia Pacific Market Size and Forecast, By End Use, 2015 - 2026 (US$ Million)
10.4.7. Asia Pacific Market Size and Forecast, By Technology, 2015 - 2026 (US$ Million)
10.4.8. India
10.4.8.1. Overview
10.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
10.4.9. China
10.4.9.1. Overview
10.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
10.4.10. Japan
10.4.10.1. Overview
10.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
10.4.11. South Korea
10.4.11.1. Overview
10.4.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
10.4.12. Rest of APAC
10.4.12.1. Overview
10.4.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
10.5. Latin America
10.5.1. Overview
10.5.2. Key Manufacturers in Latin America
10.5.3. Latin America Market Size and Forecast, By Country, 2015 - 2026 (US$ Million)
10.5.4. Latin America Market Size and Forecast, By Architecture, 2015 - 2026 (US$ Million)
10.5.5. Latin America Market Size and Forecast, By Application, 2015 - 2026 (US$ Million)
10.5.6. Latin America Market Size and Forecast, By End Use, 2015 - 2026 (US$ Million)
10.5.7. Latin America Market Size and Forecast, By Technology, 2015 - 2026 (US$ Million)
10.5.8. Brazil
10.5.8.1. Overview
10.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
10.5.9. Mexico
10.5.9.1. Overview
10.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
10.5.10. Argentina
10.5.10.1. Overview
10.5.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
10.5.11. Rest of LATAM
10.5.11.1. Overview
10.5.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
10.6. Middle East and Africa
10.6.1. Overview
10.6.2. Key Manufacturers in Middle East and Africa
10.6.3. Middle East and Africa Market Size and Forecast, By Country, 2015 - 2026 (US$ Million)
10.6.4. Middle East and Africa Market Size and Forecast, By Application, 2015 - 2026 (US$ Million)
10.6.5. Middle East and Africa Market Size and Forecast, By End Use, 2015 - 2026 (US$ Million)
10.6.6. Middle East and Africa Market Size and Forecast, By Architecture, 2015 - 2026 (US$ Million)
10.6.7. Middle East and Africa Market Size and Forecast, By Technology, 2015 - 2026 (US$ Million)
10.6.8. Saudi Arabia
10.6.8.1. Overview
10.6.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
10.6.9. United Arab Emirates
10.6.9.1. Overview
10.6.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
11. KEY VENDOR ANALYSIS
11.1. Koninklijke Philips N.V.
11.1.1. Company Snapshot
11.1.2. Financial Performance
11.1.3. Product Benchmarking
11.1.4. Strategic Initiatives
11.2. GE Healthcare
11.3. Siemens AG
11.4. Toshiba Corporation
11.5. Aurora Imaging Technologies, Inc.
11.6. Sanrad Medical Systems Pvt ltd.
11.7. Esaote SPA
11.8. Hitachi Medical Systems AG
12. 360 DEGREE ANALYSTVIEW
13. APPENDIX
13.1. Research Methodology
13.2. References
13.3. Abbreviations
13.4. Disclaimer
13.5. Contact Us
Call Us
( India toll free )
+91 835 605 0278
( US toll free )
+1 800 601 6071
Drop us an email at
sales@prudentmarkets.com
Get your pre and post sales queries resolved by our Subject matter experts.
We will assist you to customize the report to fit your research needs.
Our prime focus is to provide qualitative and accurate data.
Feel free to order a sample report before purchase.
Your personal and confidential information is safe and secured.
